×
174
Fashion Jobs
RYPE FINTECH PRIVATE LIMITED
Opening For Channel Sales Manager
Permanent · Bengaluru
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Asst. Manager Quality / Quality Line Officer- Garments Industry
Permanent · Bhiwandi
ANJNEY
Sales Manager/ Area Sales Manager - Industrial Products
Permanent · Ahmedabad
SH MATRIX ENTERPRISES
Sales Manager
Permanent · Gurugram
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
DLIGHT ENERGY PVT. LTD.
Hiring For Area Sales Manager | Pune/ Nagpur | d.Light Energy
Permanent · Pune
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Chennai)
Permanent · Chennai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Nashik
OLIVE GREEN CONSULTING LLP
Urgently Looking For Area Sales Manager
Permanent · National Capital Region
DEEP CHAND DIALYSIS CENTRE PVT. LTD.
Immediate Joining For Area Sales Manager @ Kolkata
Permanent · Kolkata
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager/ District Manager - Bhopal
Permanent · Bhopal
DREAM HOME PLASTO WARE IND
Production Manager
Permanent · Alwar
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager/ District Manager - Bhopal
Permanent · Bhopal
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Nashik
TITAN BIOTECH LIMITED
Area Sales Manager
Permanent · Hyderabad
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Daman
LEVI'S
Associate Sap Ptp Business Analyst
Permanent · Bengaluru
FEDBANK FINANCIAL SERVICES LTD
Area Sales Manager For Gold Loan - Chennai
Permanent · Chennai
DR MEDITECH SURGICAL AND DIAGNOSTICS INDIA PVT LTD
Production Executive / Production Manager (Biochemistry & Hematology
Permanent · National Capital Region
INFEXN LABORATORIES PRIVATE LIMITED
Medical Representative/ Area Sales Manager
Permanent · Navi Mumbai
ELLIOTT MOSS
IT Sales Manager
Permanent · Mumbai
Published
May 2, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

VF Corp completes sale of Nautica to Authentic Brands Group

Published
May 2, 2018

VF Corporation has completed the sale of its Nautica brand business to Authentic Brands Group, LLC (ABG), owner of brands including Jones New York and Juicy Couture.


The sale is part of VF's active portfolio management - Facebook: Nautica


VF Corp announced the sale in February, saying that the brand was out of line with VF's financial aspirations. At the time, VF Chairman, CEO and President Steven Rendle said in a release, "We came to a point where [Nautica] didn’t necessarily hit all of our strategic touch points financially."

When ABG was revealed as the brand's purchaser in March, Rendle added that the highest priority in VF's global business strategy "is to actively manage our brand portfolio to ensure that its composition positions us to accelerate growth," going on to suggest that ABG would be better positioned to "unlock [Nautica's] value."

Rendle made no additional comment at the completion of the sale today.

Nautica is the latest sale for VF, which sold Jan-Sport in Q4 of last year. As part of its active portfolio management, VF has also been buying new brands, including Icebreaker, Icon Health & Fitness, Inc. and Williamson-Dickie Manufacturing Co., along with its brands Dickies and Workrite.

VF first shed light on its planned portfolio changes in 2017 when it published its second five-year plan in March of last year. The plan set forth strategy and expectations for growth, focusing on e-commerce and Asia.

Specific financial terms of the Nautica sale were not disclosed, although VF recorded a $104 million goodwill write off for Nautica in Q3.
 

Copyright © 2022 FashionNetwork.com All rights reserved.